Traverse Area First Quarter Market Statistics

First quarter total sold residential listings for the first quarter were 485 in 2018 versus 567 in 2017. However, vacant land sales increased to 176 in 2018 from 152 in 2017.

The total dollar volume in residential sales were at $122,835,646 which topped years 2014 through 2016 was below last years banner year at $135,338,920.

Vacant land sales increased  from $17,436,500 over last years $15,316,954.

Average homes sales price increased by approximately $15,000 over the past year to $253,269, and the overall highest average in years.

The median sales price improved $9,000 to $199,000 in 2018.

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